Page under construction till August 2012
Textbook: Froeb and McCann, MANAGERIAL ECONOMICS: A PROBLEM SOLVING APPROACH, any edition
2nd ed: ISBN-10: 1439077983 ISBN-13: 9781439077986
1st ed: ISBN-10: 0324359810 ISBN-13: 9780324359817
Many books, especially previous editions, cost $1 on www.abe.com.
😐 Module I Basic microeconomics
Week 1. Benefits, costs and decisions, ch 1-3
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Froeb’s videos for ch1-3 – watch 3 videos
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Graph review video – in case you need it
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Fixed and variable costs video with cartoons
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Videos on irrational decision making – by Dan Ariely, behavioral economist and writer
- “Greed” With John Stossel part 1 of 6 – find all 6 parts
- Doti, Capitalism & Greed -pdf
- Froeb’s blog with entries sorted by textbook chapter
Week 2. Marginal analysis, Investment decisions, ch 4-5
- Froeb’s video ch 4 and
- Marginal Analysis in Economics – youtube
- Marginal Cost = Marginal Benefit (video with Paul Solman)
- MB=MC rule – youtube
- TC, MC, AVC and ATC video
- Perfect competition video
- Froeb’s video ch 5
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Break even analysis – Youtube
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A Perfect Picture Of PROFIT – from Pedestrian Guide
Week 3. Simple pricing, Economies of scale and scope, ch 6-7
- Froeb’s video ch 6
- What is market? in simple terms- video
- Demand video
- Video on all topics of Microecon from Khan’s Academy
- Price elastsicity example from About
- Froeb’s video ch 7
- Economies of scale explained by a robot
- Diminishing marginal returns video
Week 4. Markets and industry changes, Industries, Long-run profits, ch 8-10 (skip ch 11 in edition 2)
- Interactive tutorial on Supply and Demand by F.Mendelson
Week 5. Mini-paper 1
🙂 Module II
Week 6. Complex Pricing, ch 12
Amosweb Tutorial on marginal product
- Pizzanomics – NYTimes on costs of production of pizza
- Cost Curves in 60 seconds Youtube
- Amosweb tutorial – Longrun average cost curve
Chapter 3. Quantitative Demand Analysis
- Chapter 4. The Theory of Individual Behavior
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- The Logic of Choice – from Cybernomics
- Video: The Paradox of Choice by Schwartz
- Video: Gilbert, Exploring the frontiers of happiness
Chapter 5. The Production Process and Costs
Chapter 6. The Organization of the Firm
Chapter 7. The Nature of Industry
Chapter 8. Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets
- Perfect Competition – youtube
- Maximizing Profits – youtube
- Average Cost and the Break-Even Output Rate – tutorial
- ….and more tutorials here: http://sambaker.com/econ/
- Perfect Competition in the Long Run in 60 Seconds
- MR = MC in 60 Seconds
- Perfect competition – from Tutor2u
- Monopoly – youtube
- Regulation and monopoly – youtube
- Our Monopolized Markets – from Pedestrian Guide
- Monopoly by George J. Stigler
- Antitrust by Fred S. McChesney
- Natural Gas Regulation by Robert J. Michaels
Occupational Licensing by S. David Young
Patents by David R. Henderson - Electric deregulation -pdf, government vs private sector prices
- Antitrust and competition – FTC site for students
- Monopolistic Competition – Microeconomics for MBAs youtube, R. McKenzie
- Monopolistic Competition – Amosweb
- Profit-Maximization example from Cliff’s Notes
- Monopoly short-run production – from Amosweb
- The Efficiency of Free Competition –by B.Caplan, a philosophical view
Chapter 9. Basic Oligopoly Models
- Oligopoly: Competition among the Few explained in computer voice
- Youtube on Oligopoly
- Oligopoly market structure http://www.buzzle.com/articles/oligopoly-market-structure.html
- Models of strategic interaction: Cournot, Bertrand, Duopoly – tutorial
- Oligopoly Overview http://tutor2u.net/economics/revision-notes/a2-micro-oligopoly-overview.html
- Collusion – from Amosweb
- Cartel, collusion – youtube
- Kinked Demand Curve: Econ Concepts in 60 Seconds
Chapter 10. Game Theory: Inside Oligopoly
- Chapter 10 PowerPoint Presentation – M.Baye
- Practice textbook multiple choice quiz chapter 10
- Cartels and collusion – from Micro for MBAs youtube
- Game Theory in 60 Seconds
- Game Theory Practice in 60 Seconds
- Nash equilibrium: bad fashion and bank runs – a lecture from Yale (see more Yale lectures under “related” videos)
- Example of a prisoner’s dilemma game
- Game Theory: An Non-technical Introduciton book online by McCain, “next” to turn pages
- Investopedia explaining Prisoner’s dilemma + see links to other terms
- Advanced game theory topics: Stag Hunt game (very optional)
- Inerview with John Nash
😥 Module III
Chapter 11. Pricing Strategies for Firms with Market Power
- Textbook resource for Chapter 11 – ppt, quiz
- Block Pricing for Managerial Economics – youtube
- Two-part pricing – youtube
- Block pricing example – youtube
- Price Discrimination explained: http://www.youtube.com/watch?v=uRn7KjDarmM
Chapter 12. The Economics of Information
- Textbook resource for Chapter 12– ppt, quiz
- Expected present value – youtube
- Sample problem 1- youtube
- Sample problem 2 – youtube
- Sample problem 3 – youtube
- Lottery and risk – youtube
- http://en.wikipedia.org/wiki/Risk_aversion
- http://ingrimayne.com/econ/RiskExclusion/Risk.html
- Moral Hazard explained: http://www.youtube.com/watch?v=_SdtoKeFTi0
Chapter 13. Advanced Topics in Business Strategy
- Textbook resource for Chapter 13 – ppt, quiz
- http://en.wikipedia.org/wiki/Limit_price
- http://en.wikipedia.org/wiki/Predatory_pricing
- http://www.wisegeek.com/what-is-predatory-pricing.htm
- http://mbaecon.wikispaces.com/raising+rivals+costs
- http://itc.gsw.edu/faculty/pszmedra/BUSA6160/Chap013.pdf
- Limit Pricing and Entry Deterrence http://courses.essex.ac.uk/ec/ec366/lecture_notes/Lecture7.pdf
- Predatory Pricing http://www.youtube.com/watch?v=V6dD-ifIr8s&feature=related
- Business strategy http://www.uni-graz.at/inmwww_empirische_wirtschaftsforschung.pdf
- Retail pricing strategy http://retail.about.com/od/marketingsalespromotion/a/product_pricing.htm
- First Mover Advantage http://www.youtube.com/watch?v=h9FozensXZk
- Penetration Pricing: Pricing Strategies
- http://www.youtube.com/watch?v=6HkHHnlePbw
- This article explains why first-mover do not always have the advantage – http://www.enotes.com/management-encyclopedia/first-mover-advantage (Togba)
- I find this link very helpful. It summarized different pricing strategies. Great reference!
- http://www.marketingteacher.com/lesson-store/lesson-pricing.html
- Retail pricing strategies http://retail.about.com/od/marketingsalespromotion/a/product_pricing.htm
- Great explanation of pricing strategies (also info on major companies and their SWOT analysis) http://www.marketingteacher.com/lesson-store/lesson-pricing.html
Chapter 14. A Manager’s Guide to Government in the Marketplace
- Textbook resource for Chapter 14– ppt, quiz
- http://www.the39dollarexperiment.com/ Cute Story
- http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=import+quotas
- Clean Air Act of 1970 http://en.wikipedia.org/wiki/Clean_Air_Act_
- Externalities: http://people.oregonstate.edu/~grosskos/rosench5.pdf
- What are the Antitrust Laws http://www.youtube.com/watch?v=i5mQ5KuSSG0
- tariffs and protectionism http://www.youtube.com/watch?v=dSQTbd2iJtY
- International Trade – Import Quotas http://www.youtube.com/watch?v=273UvjyuVLg
- Alot of good resources for the Clean Air Act: http://www.epa.gov/air/caa/